Tom Wan said Ethena holds nearly half of Robinhood Chain’s USDG supply. According to NS3.AI, Wan stated that Ethena holds $50 million in USDG on the chain and an additional $50 million in a joint Ethena and Steakhouse USDG vault.

Entropy Advisors chart data put Robinhood Chain’s total stablecoin market capitalization at about $239.04 million as of July 7.